Star Scientific - Market Review

Posted on 06/18/2012 by Peter Mankowitz


NEW YORK (AVAFIN) -- Block trades help investors understand the sentiment of large financial institutions. A total of 16 block trades were executed during the last trading session, typically at least 10,000 shares or more represent a single block unit. Further analysis reveals that 140,110 shares were bought and 42,204 shares were sold. The bought/sold ratio for shares of Star Scientific is 3.32, representing a positive net cash flow of $433,651 into the stock.

Options traders were busy as well, a total of 14,176 call and 7,984 put contracts were traded yesterday yielding a 0.56 put/call ratio.

Shares of CIGX opened today at $4.24 and settled the day up $0.30 to $4.55 during the session. The day's trading range is between $4.22 and $4.57 respectively. To date, the stock has gained 41.30% within the last month. On the volume side, 3M shares were traded which is greater than the average volume of 1M shares. Star Scientific is trading above the 50 day moving average and higher than the 200 day moving average. The technical momentum Relative Strength Index indicator shows overbought conditions. The stock's 52 week low is $1.50 and 52 week high is $5.05.

Star Scientific, Inc. is engaged in the development of dissolvable smokeless tobacco products that deliver fewer carcinogenic toxins through the utilization of the innovative StarCured tobacco curing technology.

Market Snapshot (06/18/2012)
  SPX 1345.63 2.79 0.21%
  DOW 12749.8 -17.40 -0.14%
  NASDAQ 2895.33 22.53 0.78%
  VIX 18.24 -2.87 -13.60%

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